This is a question we get asked a lot here at Rotessa: 'What if a mistake is made on my pre-authorized debit and the payment is returned?'
It's a fair question, and has a (thankfully) simple answer. Read on to see how easy pre-authorized debits are, even when a mistake is made.
Using a third party service for pre-authorized debits can save you huge amounts of time in your business. Think about it: no more chasing cheques, collecting cash, or paying exorbitant credit card fees. It gives you the time you need to do the fun things, like growing your business or developing new ideas. But don't just take our word for it, here's 4 rock-solid reasons you should think about switching to pre-authorized debits for recurring payment collection in your business.
Payment collection has changed dramatically in the 21st century. Cheques and cash are out, electronic payments are in. But a simple web search can reveal conflicting and confusing information. It doesn't have to be that way! Collecting recurring payments electronically is easy, if you have the right start. We wrote this short and sweet guide to show you the basics of collecting recurring payments electronically, no matter the size of your business or number of monthly transactions.
Your business involves a lot of people and has a lot of moving parts, and it’s tough to keep it all together. Thankfully, there are a ton of great tools that can help make things easier, and don’t cost a thing. Here's 3 super simple, super useful tools that will help you get a handle on your business.
When it comes to finances, lack of management can put your business into the red in record time. And if you don't use accounting software, managing your finances can be as enjoyable as climbing an erupting volcano.
Accounting software can save your sanity, and your bottom-line. It automates and simplifies complex tasks like tracking expenses, generating tax forms, creating reports, making invoices, and beyond. For those of us who aren’t numbers-savvy, it can be a life-saver for an otherwise frustrating aspect of owning a business.
Still not convinced? Here’s 5 reasons you should use accounting software.
Getting a firm grip on your business, no matter how big or small, will pay out big time in the long run. And, thanks to modern technology, it's easier than ever to manage your business just like the big-dogs do. Here are 5 free tools (and 1 cheap one) that are sure to give you the edge when it comes to managing your business.
Stats show that not getting paid on time is the number one problem businesses are facing.
How big of a problem?
One study showed that 82 percent of small businesses and startups fail because of cash-flow problems. In another study, Xero found that out of 12 million invoices, 60% of them were paid late. It's obvious that not getting paid is more than an irritation - it can sink your business. But, how do you get paid on time? While there’s no magic answer, here’s 7 simple ways you can cut down your receivables and start getting paid on time.